Thu, May 15, 9:23 PM (36 days ago)
**CaliberCos Inc. (CWD) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $7.3 million (down 68.4% YoY) - **Net Loss:** $4.55 million (improved by 13.5% YoY) - **Cash Flow:** Negative $1.74 million (slightly improved from -$1.53 million YoY) **Key Metrics:** - **Revenue Breakdown:** Asset management revenues $3.2 million, performance allocations $1, consolidated funds – hospitality revenues $3.92 million, other revenues $0.15 million. - **Expenses:** Total expenses $9.87 million (down 63.9% YoY) - **Cash Flow:** Operating activities -$1.74 million, investing activities -$0.11 million, financing activities +$1.31 million. **Trends & Uncertainties:** - **Revenue Decline:** Driven by decreased consolidated fund revenues due to deconsolidation of Caliber Hospitality Trust and Caliber Hospitality, LP. - **Expense Reduction:** Primarily due to decreased consolidated fund expenses post-deconsolidation. - **Cash Flow:** Negative due to increased interest payments and reduced operating income. - **Liquidity Concerns:** Substantial doubt about the company's ability to continue as a going concern due to recurring operating losses and near-term debt maturities. **Future Operations Impact:** - **Debt Management:** Plans to raise $20 million through preferred stock and refinance existing notes. - **Cost Reduction:** Implemented workforce reductions to save $1.9 million annually. - **Revenue Growth:** Focus on fund management fees and development projects. **Segment Performance:** - **Asset Management:** Revenues down 22.2% YoY, expenses down 21.2% YoY. - **Performance Allocations:** Significantly down 95.9% YoY. **Forward-Looking:** - **Debt Maturity:** $26.1 million of corporate notes mature within the next 12 months. - **Fundraising:** Continued efforts to raise capital and manage debt. - **Market Conditions:** Volatile market conditions may affect fundraising and investment performance. **Conclusion:** CaliberCos Inc. faces significant challenges due to revenue declines, liquidity concerns, and market uncertainties. The company is implementing cost-cutting measures and debt management strategies to navigate these issues. However, substantial doubt remains about its ability to continue as a going concern.